As was said in this morning's "When Tesla Reports After the Close There is One Number That Matters (TSLA)":
...That’s why I’d argue the most important figure to look for when Chief Executive Elon Musk announces results this evening is not the magnitude of Tesla’s profit or loss, but rather, its Model S production output for the quarter....That was a pretty good call.
From the Wall Street Journal:
Tesla 2nd-Quarter Loss Narrows on Sales Jump; Shares Rise
Tesla Motors Inc.'s (TSLA) second-quarter loss narrowed sharply as the luxury electric-car maker said it delivered more vehicles than expected during the quarter, bolstering revenue and resulting in a surprise adjusted profit.For the first time since the IPO I may be able to overcome my short aversion.
On Wednesday, Tesla said it delivered 5,150 Model S electric sedans, surpassing the company's expectation of slightly over 4,500 deliveries. The company's production rate jumped by 25% to almost 500 vehicles per week from 400.
Shares jumped 11% to $148.70 in after-hours trading, as results easily exceeded Wall Street's expectations. As of Wednesday's close, the stock had nearly quadrupled in 2013, with much of that gain coming after Tesla in May reported the company's first-ever quarterly profit.
Looking ahead, Tesla said it was on track to deliver 21,000 vehicles worldwide in 2013, and expects to deliver slightly over 5,000 Model S vehicles in the current quarter. Average selling prices are expected to rebound in the third quarter on a sequential basis...MORE
See April 2013's:
Why We Don't Short Tesla: The stock is up 16% On The Day (TSLA)
Forty-four bucks even, up $6.11.
Here's one version of our standard spiel on TSLA:
June 13, 2012*From our June 29, 2010 post "Who Wins in the Tesla IPO?" (TSLA):
Yesterday the stock closed at $29.66.
Although it is smack dab in our Energy/Policy/Alt wheelhouse we have very few posts on Tesla.
On a personal level I didn't have much interest in government subsidized $100K playthings.
On the other hand, as an investment the stock always seemed to be in stronger hands* than the battery companies or other fashion-forward issues, poo-pooing it didn't seem like good advice for our readers.
So I didn't post much on TSLA....
Some serious money is listed. and here we are, almost three years later going back to earth2tech...This is neither an offer to sell nor a solicitation of an offer to buy...
I went over some of my reasons for shying away from IPO's when A123 came public in September, 2009.
(priced at $13.50, first day close $20.29, close yesterday $9.88)
I am interested in the VC biz and here earth2tech did a bang-up job...
